Horizon Investments LLC Sells 1,195,199 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Horizon Investments LLC lowered its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 63.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 685,008 shares of the company’s stock after selling 1,195,199 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.7% of Horizon Investments LLC’s portfolio, making the stock its 10th biggest holding. Horizon Investments LLC owned about 0.23% of iShares MSCI USA Min Vol Factor ETF worth $60,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of USMV. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $28,000. AlphaMark Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $30,000. Valued Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $30,000. Sound Income Strategies LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% during the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after acquiring an additional 143 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.2 %

iShares MSCI USA Min Vol Factor ETF stock opened at $93.26 on Tuesday. The company has a market capitalization of $24.34 billion, a PE ratio of 24.03 and a beta of 0.77. The stock has a 50-day moving average price of $91.95 and a two-hundred day moving average price of $91.62. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $79.69 and a 12 month high of $95.12.

About iShares MSCI USA Min Vol Factor ETF

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.